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New York’s Economy and Finances in the COVID-19 Era
… New York’s unemployment rate has soared upward in recent months, with May's 14.5 percent nearly four times the 3.7 percent in February. But that rate is only one measure of the impact of lost jobs. 53% of New …
https://www.osc.ny.gov/reports/covid-19-july-9-2020DiNapoli Calls for Transparency From Companies Regarding Affordability Concerns
… clarified that they did not offer surveillance pricing products or services. DiNapoli also wrote to Visa Inc. , the … pricing is the practice of using individualized consumer data (such as identity, credit history, or browsing … state recently enacted a law requiring disclosure to a consumer if a price was set by an algorithm using their …
https://www.osc.ny.gov/press/releases/2026/03/dinapoli-calls-transparency-companies-regarding-affordability-concernsDiNapoli: State Tax Receipts Exceeded Updated Projections in First Quarter
… $628 million higher than financial plan projections. All Funds spending through June totaled $58.6 billion, which was … same period, largely reflecting higher Medicaid costs. All Funds spending through June was $292.5 million lower than DOB … to lower than anticipated spending from capital projects funds. State Operating Funds spending totaled $30.4 billion, …
https://www.osc.ny.gov/press/releases/2023/07/dinapoli-state-tax-receipts-exceeded-updated-projections-first-quarterNYS Comptroller DiNapoli Continues to Hold Corporate America Accountable for Poor Climate Policies
… results of the New York State Common Retirement Fund’s latest successful shareholder efforts to have corporations … for highway, infrastructure, commercial, and residential construction, agreed to assess, and publicly report on, the … carbon economy. American Financial Group (AFG) and Papa John’s (PZZA) agreed to produce sustainability reports that …
https://www.osc.ny.gov/press/releases/2019/09/nys-comptroller-dinapoli-continues-hold-corporate-america-accountable-poor-climate-policiesDiNapoli: Priceline Commits to Improve Gender and Racial Diversity on its Board of Directors
… a number of companies including FleetCor Technologies and LinkedIn. DiNapoli has filed similar proposals with 17 …
https://www.osc.ny.gov/press/releases/2016/05/dinapoli-priceline-commits-improve-gender-and-racial-diversity-its-board-directorsOpinion 90-57
… that bear on the issues discussed in the opinion. FIRE DISTRICTS -- Powers and Duties (need for referendum on … and procedure to establish service award program) VOLUNTEER FIREFIGHTERS -- Service Award Program (authority … award program for the volunteer firefighters of a village fire department is subject to a mandatory referendum of the …
https://www.osc.ny.gov/legal-opinions/opinion-90-57Schenectady County – Investment Program (2025M-5)
… and yield. A comprehensive investment program is used to establish basic procedures, assure that investment assets … maintain internal controls and proper accounting records to provide accurate reporting and evaluation of investment … option already used by the County, officials may have realized additional earnings ranging from $5.1 to $10.6 …
https://www.osc.ny.gov/local-government/audits/county/2025/08/08/schenectady-county-investment-program-2025m-5DiNapoli: Overtime Costs at State Agencies Reached All-Time High in 2021
… The total cost of overtime in 2021 reached an all-time high at more than $924 million, … impacts of the pandemic, overtime costs set a new record in 2021,” said DiNapoli. “While the pandemic does not appear … prompted a ‘great resignation’ from the state workforce in 2020, new hiring stalled, and the workforce declined more …
https://www.osc.ny.gov/press/releases/2022/07/dinapoli-overtime-costs-state-agencies-reached-all-time-high-2021State Comptroller DiNapoli Releases Municipal Audits
… Walden Fire District #2 and the West Niles Fire Company . "In today's fiscal climate, budget transparency and … revealed five employees were overpaid a total of $902. In addition, the village under-budgeted for overtime in the 2016-17 fiscal year by $284,608 or 43 percent. Town of …
https://www.osc.ny.gov/press/releases/2018/01/state-comptroller-dinapoli-releases-municipal-auditsControls Over Revocable Consents
… whether the New York City Department of Transportation (DOT) has billed and collected the correct fees for revocable consents; whether DOT is ensuring that all structures meet the standards … required by the Rules of the City of New York; and whether DOT is monitoring to ensure all structures requiring a …
https://www.osc.ny.gov/state-agencies/audits/2020/09/23/controls-over-revocable-consentsOpinion 96 - 11
… the views of the Office of the State Comptroller at the time it was rendered. The opinion may no longer … or statutory amendments that bear on the issues discussed in the opinion. REAL PROPERTY -- Sales (authority of town … town purpose (see also Town Law, §§81, 220; cf . 1981 Opns St Comp No. 81-203, p 216). As a general rule, when real …
https://www.osc.ny.gov/legal-opinions/opinion-96-11DiNapoli: Halfmoon Resident Allegedly Stole Deceased Mother's Pension Payments
… State Comptroller Thomas P. DiNapoli, Saratoga County District Attorney Karen A. Heggen, the New York State Police and the New York State Department of Motor … allegedly stealing nearly $13,000 of her deceased mother’s pension benefits. “Christmas Fish allegedly hid her mother’s …
https://www.osc.ny.gov/press/releases/2022/11/dinapoli-halfmoon-resident-allegedly-stole-deceased-mothers-pension-paymentsOpinion 98-21
… to perform the function on its own ( id .). In the instant case, section 122-b(1) of the General Municipal Law …
https://www.osc.ny.gov/legal-opinions/opinion-98-21Opinion 88-6
… PUBLIC OFFICERS AND EMPLOYEES -- Retirement Benefits (authority of municipality to contribute to "defined contribution pension plan") CIVIL SERVICE LAW, §§200 et seq .; MUNICIPAL HOME RULE LAW, §10(1)(ii)(a)(1); RETIREMENT AND SOCIAL …
https://www.osc.ny.gov/legal-opinions/opinion-88-6MTA's East Side Access Project 10 Years Late and $4.4 Billion Over Budget
… Long Island Rail Road (LIRR) service to Grand Central Terminal for the first time, is expected to cost nearly $9 … of the existing 63rd Street Tunnel and then to a new LIRR terminal being constructed below Grand Central Terminal. While major tunneling has been completed, the …
https://www.osc.ny.gov/press/releases/2013/03/mtas-east-side-access-project-10-years-late-and-44-billion-over-budgetDiNapoli Announces $200 Million Commitment for Opportunistic Investments
… "I am pleased to welcome Pine Street as an investment partner for our Emerging Manager Program,”said DiNapoli. … opportunistic ($200 million). “Pine Street is honored to partner with the New York State Common Retirement Fund to … in the emerging hedge fund space,”said Caroline Lovelace, partner and co-portfolio manager of Pine Street Alternative …
https://www.osc.ny.gov/press/releases/2014/02/dinapoli-announces-200-million-commitment-opportunistic-investmentsDiNapoli: State Pension Fund Value $206.9 Billion
… March 31, 2018. The Fund ended the year with an estimated value of $206.9 billion, which is subject to change once returns are fully audited. The Fund’s value at the end of state fiscal year 2017 was $192.4 … billion. “The New York State Common Retirement Fund’s value rose with help from strong markets through most of the …
https://www.osc.ny.gov/press/releases/2018/05/dinapoli-state-pension-fund-value-2069-billionDiNapoli: Environmental Facilities Corporation Faces Significant Funding Backlog for Essential Water Infrastructure Projects
… Facilities Corporation (EFC) has provided financing for over 2,000 essential local water infrastructure projects … should build on its efforts to help communities access funding to ensure the success of these programs continues.” … corporation that provides financing assistance through grants, loans, and technical expertise to state and local …
https://www.osc.ny.gov/press/releases/2024/04/dinapoli-environmental-facilities-corporation-faces-significant-funding-backlog-essential-waterDiNapoli: Former Chief of Border City Hose Company Pleads Guilty to Stealing Company Funds and Repays More Than $18,000
… P. DiNapoli, Ontario County District Attorney James Ritts, and the New York State Police announced the guilty plea of John Morabito, former chief of the Border City Hose Company, for theft of $18,772 from the company. “Mr. … P DiNapoli Ontario County District Attorney James Ritts and the New York State Police announced the guilty plea of …
https://www.osc.ny.gov/press/releases/2024/07/dinapoli-former-chief-border-city-hose-company-pleads-guilty-stealing-company-funds-and-repays-moreDiNapoli: Tax Exemptions Jump While Job Gains Slow for IDA Projects
… Development Agencies (IDAs) provided $660 million in net tax exemptions in 2013, up $105 million from 2012 but … business within their communities. “Although the amount of tax breaks IDAs provided to private companies noticeably … state’s 109 active IDAs provided $1.38 billion in total tax exemptions in 2013. These exemptions were partially …
https://www.osc.ny.gov/press/releases/2015/05/dinapoli-tax-exemptions-jump-while-job-gains-slow-ida-projects